Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 457,855 shares of the company’s stock after acquiring an additional 13,207 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Keurig Dr Pepper were worth $14,706,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its stake in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after buying an additional 342 shares during the period. Barden Capital Management Inc. increased its stake in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after buying an additional 353 shares during the period. Custom Index Systems LLC increased its stake in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after buying an additional 357 shares during the period. First Hawaiian Bank increased its stake in shares of Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of Keurig Dr Pepper by 2.9% during the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after buying an additional 400 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KDP shares. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.55 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $32.44 and a 200-day simple moving average of $33.65. Keurig Dr Pepper Inc. has a twelve month low of $29.86 and a twelve month high of $38.28. The company has a market capitalization of $45.52 billion, a P/E ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the transaction, the insider now owns 187,537 shares of the company’s stock, valued at $6,385,634.85. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock valued at $2,756,292,570 over the last three months. 1.00% of the stock is currently owned by company insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.